Huobi to Launch Public Blockchain, Develop ‘Next Gen. Financial Protocol’

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Major cryptocurrency exchange Huobi has unveiled plans to launch a public blockchain that it hopes will serve as the foundation for a “next generation financial protocol.” Announced on Wednesday, Huobi Chain aims to fulfill the dream of the blockchain-based decentralized autonomous organization (DAO) by enabling the Singapore-based exchange operator to gradually migrate its operations to a decentralized platform and automate them using smart contracts. Huobi Chain product director Gordon Chen told CCN that the initiative is an…

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Ethereum-Based Blockchain Payments Trial a Success: South Africa’s Central Bank

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. South Africa’s central bank has revealed remarkable results of Project Khokha, its proof-of-concept trial to replicate interbank payments and settlements on an ethereum-based enterprise blockchain. The South African Reserve Bank (SARB) has published its report [PDF] on a “real-world’ trial of a blockchain-based wholesale payment system lasting nearly three months since the mid-February. The central bank revealed the practical platform was deployed in a “realistic test environment” wherein the blockchain was able to handle the entire typical…

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Korea Customs Service to Pilot Blockchain-Based Import Customs Platform

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. In its ever-increasing foray into exploring decentralized applications, the Korea Customs Service (KCS) will test an e-commerce customs clearance platform powered by blockchain technology. In an announcement last week, Korea’s customs authority revealed it had signed a memorandum of understanding (MoU) with a number of e-commerce companies to develop, test and conduct transactions on the untitled blockchain customs platform. Participants include CJ Korea Express and Lotte Global Logistics, two shipping and logistics firms. It said of the…

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Pro-Blockchain Starbucks Chair Rumored to Be Mulling Presidential Run

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Howard Schultz, the anti-bitcoin, pro-digital currency executive chairman of Starbucks, recently confirmed his intention to leave his role at Starbucks and is said to be considering getting into politics, according to CNBC. Schultz has denied in the past that he is planning to run for president, but he has been active over the years in supporting political causes. Schultz, a political progressive, said that he is concerned about increasing divisions in the United States and the country’s…

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Samsung SDS Launches Blockchain Financial Platform Nexfinance

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Samsung SDS, the IT arm of electronics giant Samsung, has announced the launch of its latest blockchain platform dubbed Nexfinance for financial institutions. The new blockchain platform combines existing and new technologies including big data analytics, artificial intelligence (AI) and intelligence process automation to help companies in the financial sector in their digital transformation effort, Samsung SDS said. In a statement, Samsung SDS vice president of financial business Yoo Hong-jun added: “Samsung SDS is planning to launch…

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Ripple Donates $50 Million to 17 Universities to Boost Blockchain, Crypto Adoption

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Cryptocurrency startup Ripple, the blockchain-based payment network, is donating $50 million to 17 universities around the world to bolster the adoption of blockchain, the technology underpinning bitcoin. Ripple announced the partnership, called the University Blockchain Research Initiative, on its website June 4. The company said its donations will be made in U.S. dollars, not cryptocurrency. “We’re excited to announce the University Blockchain Research Initiative (UBRI), a collaboration with top universities around the world to support and accelerate…

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Abu Dhabi Ports Launches Blockchain Trade Solution for Imports and Exports

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Maqta Gateway, a wholly owned subsidiary of maritime industry developer Abu Dhabi Ports, has developed and deployed its own blockchain solution for international logistics and trade. Dubbed ‘Silsal’, Arabic for ‘chain’, the blockchain solution is now the first of its kind platform in Abu Dhabi and will enable real-time tracking of cargo and paperless documents while saving time and increasing overall efficiency of international trade on a decentralized ledger, the Emirates News Agency reports. The blockchain solution…

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Public or Private? Blockchain Distinctions Are Falling Out of Fashion

“Convergence” may mean different things to different people in blockchain, but it’s a word that’s appearing more and more in public rhetoric of late. For some, it simply means that innovations developed on a public blockchain powered by a cryptocurrency can be leveraged on a private blockchain used by enterprises, and vice versa. But to others, the rise of the term shows that the lines between these categories, once starkly drawn, are starting to fade. As companies start to recognize the merits of public chains; as new technology enables different types of…

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Indie Gaming Publisher Fig Acquires UK Blockchain Developer Ownage

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Independent game publisher Fig announced this week that it is acquiring UK-based blockchain development company Ownage. Fig is “a community funding and publishing platform for independent video games. Fans back games on Fig to get exclusive rewards, or invest to earn returns from game sales.” The company also helps game developers with startup investing, marketing, and community building. The platform has already published several popular games, including Pillars of Eternity 2: Deadfire, Phoenix Point, and ​Wasteland 3. Now, it…

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Months After Raising a $100 Million ICO Kik Founder Calls Blockchain”Unconvincing”

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. At the True North tech conference earlier this week, Kik CEO Ted Livingston expressed his surprising opinion about blockchain: “Almost nobody should be looking at it.” Kin Founder Belittles the Blockchain What made the statement highly pessimistic is the fact that Livingston raised over $100 million via an Initial Coin Offering for his company in 2017. However, the CEO explained his ideology as the conference proceeded, providing respite to attendees: “Unless you’re trying to build one of…

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